Insurance service!

[BD_Baby_Wolf]

So, the new market presented us with auctions, which i great. Exept one thing ofcourse... You cannot ask for a minimum bid.
This may lead to your hairloomed item loss! People would bid on the last seccond of the auction just one gold each, so your +3 item may be sold for 200-300k.
My solution to this is simple:
You ask me to do the minimum bid on your item, so further bids must be higher than what you expect them to be. All i ask in return is 2% of the minimum bid.
In case there aren't any higher bids i will sell you back the item for the insurance cost, so you don't lose any gold.

[Harald]

If you bid 10 minutes or less before the auction ends it will be delayed by 10 minutes, so there is no bidding on the last second.

[BD_Baby_Wolf]

If you bid 10 minutes or less before the auction ends it will be delayed by 10 minutes, so there is no bidding on the last second.

So the last second will be 10 minutes before the auction end. Same thing
Actually it's even worse. The players will always wait for the last second to make the highest bid, so 10 minutes before the end it still can remain 200-300k for +3 item.

[Harald]

What i meant is that others have enough time to react on a last second bid. But you are right, if no one else is bidding it doesn't make a difference.

[BD_Baby_Wolf]

What i meant is that others have enough time to react on a last second bid. But you are right, if no one else is bidding it doesn't make a difference.

Sorry, i think i understood you wrong.
So you're saying that one person can bid in delay of 10 minutes minimum?

[Harald]

If someone bids less than 10 minutes before the auction ends it will delay the end by up to 10 minutes (you bid 1 minute before end -> new end will be in 10 minutes).

[BD_Baby_Wolf]

If someone bids less than 10 minutes before the auction ends it will delay the end by up to 10 minutes (you bid 1 minute before end -> new end will be in 10 minutes).

Nice feature
But still the auction may end unpredictably crappy.

[BD_Baby_Wolf]

up!

[Falka]

Something you forgot. Tax  5 % * 2 (tax for auction and tax for selling) + 2 % = 12 % Let's say your minimum bid was 1.000.000, that means seller lose 120 k 

[BD_Baby_Wolf]

thanks for bringing this up.
First of all your calculation there is a bit wrong, second: i can't control the dev-tax, third its better to loose 100k than to end up selling your MW item for 500-600k

[Falka]

Yeah, you're right, but even better is selling that item via normal trade  And inaccuracy in calculation is meaningless 

[BD_Baby_Wolf]

Yeah, you're right, but even better is selling that item via normal trade

100% right

[Falka]

100% right

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[BD_Baby_Wolf]

yap, thats the reason.... got 400k bids for both +3 items.

[Falka]

no worries, I'll pay at least 1.100.000 for your GGS maybe more